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> Construction and HVAC > High Strength Steel Market
Construction and HVAC CH0007 January 2020 Share

High Strength Steel Market

The High Strength Steel market is expected to grow from USD 31.9 billion in 2020 to USD 50.7 billion by 2026 at a CAGR of 8% from 2020 to 2026.

High Strength Steel is defined as steel that has a yield strength ranging between 210-550 MPa and a tensile strength 270 to 700MPa. High strength steel is that the type of steel that promotes high yield thanks to strengthening mechanisms that were employed on the steel to realize better strength, toughness, fatigue, and ductility. High strength steel is employed during a big variety of applications, most prominent are automotive, heavy machinery manufacturing, energy, and power, shipbuilding, aerospace, packaging, and commodity. most commonly high strength steel is produced with the cold-rolled process followed by hot rolled, metallic rolled and direct rolled. High strength steel also reduces cost, provide environmental & financial advantages in various application of automotive and construction sectors like structural designing of auto parts, lifting equipment, materials handling, trailers, and others. The global market is segregated on the basis of Type as High Strength Low Alloy, Dual Phase, Bake Hardenable, Carbon Manganese, and Others. Based on Product the market is segmented in Cold rolled, Hot rolled, Metallic coated, and Direct rolled. Based on Application the market is segmented in Body and Closures, Suspensions, Bumper and Intrusion Beams, and Others. Based on End Use, the market is segmented in Automotive, Construction, Yellow Goods & Mining Equipment, Aviation & Marine, and Others.

The global market report provides geographical analysis covering regions, such as North America, Europe, Asia-Pacific, and the Rest of the World. The market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

Hebei Puyong Iron and Steel Group Co., Ltd., Jiangsu Shagang International Trade Co., Ltd., JFE Steel Corporation, Nucor Corporation, China Steel Corporation, Thyssenkrupp Ag, Metinvest Holding, LLC, PAO Severstal, JSW Steel, Novolipetsk Steel (NIMK), and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

The global High Strength Steel market has been segmented as below:

By Type

  • High Strength Low Alloy
  • Dual-Phase
  • Bake Hardenable
  • Carbon Manganese
  • Others

By Product

  • Cold rolled
  • Hot rolled  
  • Metallic coated
  • Direct rolled

By Application

  • Body and Closures
  • Suspensions
  • Bumper and Intrusion Beams
  • Others

By End-Use

  • Automotive
  • Construction
  • Yellow Goods & Mining Equipment
  • Aviation & Marine
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

By Company

  • Hebei Puyong Iron and Steel Group Co., Ltd.
  • Jiangsu Shagang International Trade Co., Ltd.
  • JFE Steel Corporation
  • Nucor Corporation
  • China Steel Corporation
  • Thyssenkrupp Ag
  • Metinvest Holding, LLC
  • PAO Severstal
  • JSW Steel
  • Novolipetsk Steel (NIMK)
  • Gerdau S.A.
  • Citic
  • Hyundai Steel Company
  • Wuhan Iron and Steel Corporation
  • Shandong Iron and Steel Group
  • ArcelorMittal
  • Nippon Steel Corporation
  • Steel Authority of India Limited (SAIL)
  • Tata Steels Ltd
  • United States Steel Corporation
  • Voestalpine AG

The report covers the below scope:

  • Global market sizes from 2019 to 2026, along with CAGR for 2020-2026
  • Market size comparison for 2020 vs 2026, with actual data for 2020, estimates for 2021 and forecast from 2020 to 2026
  • Global market trends, covering a comprehensive range of consumer trends & manufacturer trends
  • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the market
  • Major market opportunities and challenges in forecast timeframe to be focused
  • Competitive landscape with analysis of competition pattern, portfolio comparisons, development trends, and strategic management
  • Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

  • Base year - 2019
  • Estimated year - 2020
  • Projected year - 2021
  • Forecast period - 2021 to 2026

Report Scope:

The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers the analysis of regional and country-level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share. Major industry players with significant revenue share include Hebei Puyong Iron and Steel Group Co., Ltd., Jiangsu Shagang International Trade Co., Ltd., JFE Steel Corporation, Nucor Corporation, China Steel Corporation, Thyssenkrupp Ag, Metinvest Holding, LLC, PAO Severstal, JSW Steel, Novolipetsk Steel (NIMK), and others.

Why to Buy this Report:

  • Gain detailed insights on the High Strength Steel industry trends
  • Find a complete analysis of the market status
  • Identify the market opportunities and growth segments
  • Analyze competitive dynamics by evaluating business segments & product portfolios
  • Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

The report targeted the existing players in the industry is as follows:

  • Market Manufacturers/Service Providers
  • Market Wholesale/Traders
  • Investment and Financial Institutions

Free and Paid Customization based on the requirement

Report Content

  1. Introduction

            1.1 Key Insights

            1.2 Report Overview

            1.3 Markets Covered

            1.4 Stakeholders

  1. Research Methodology

            2.1 Research Scope

            2.2 Market Research Process

            2.3 Research Data Analysis

                        2.4.1 Secondary Research

                        2.4.2 Primary Research

                        2.4.3 Models for Estimation

            2.5 Market Size Estimation

                        2.5.1 Bottom-Up Approach - Segmental Market Analysis

                        2.5.2 Top-Down Approach - Parent Market Analysis

  1. Executive Summary
  2. Market Overview

            4.1 Introduction

                        4.2.1 Drivers

                        4.2.2 Restraints

                        4.2.3 Opportunities

                        4.2.4 Challenges

            4.2 Porter's Five Force Analysis

  1. High Strength Steel Market, By Type

            5.1 Introduction

            5.2 High Strength Low Alloy

                        5.2.1 Market Overview

                        5.2.2 Market Size and Forecast

            5.3 Dual Phase

                        5.3.1 Market Overview

                        5.3.2 Market Size and Forecast

            5.4 Bake Hardenable

                        5.4.1 Market Overview

                        5.4.2 Market Size and Forecast

            5.5 Carbon Manganese

                        5.5.1 Market Overview

                        5.5.2 Market Size and Forecast

            5.6 Others

                        5.6.1 Market Overview

                        5.6.2 Market Size and Forecast

  1. High Strength Steel Market, By Product

            6.1 Introduction

            6.2 Cold rolled

                        6.2.1 Market Overview

                        6.2.2 Market Size and Forecast

            6.3 Hot rolled  

                        6.3.1 Market Overview

                        6.3.2 Market Size and Forecast

            6.4 Metallic coated

                        6.4.1 Market Overview

                        6.4.2 Market Size and Forecast

            6.5 Direct rolled

                        6.5.1 Market Overview

                        6.5.2 Market Size and Forecast

  1. High Strength Steel Market, By Application

            7.1 Introduction

            7.2 Body and Closures

                        7.2.1 Market Overview

                        7.2.2 Market Size and Forecast

            7.3 Suspensions

                        7.3.1 Market Overview

                        7.3.2 Market Size and Forecast

            7.4 Bumper and Intrusion Beams

                        7.4.1 Market Overview

                        7.4.2 Market Size and Forecast

            7.5 Others

                        7.5.1 Market Overview

                        7.5.2 Market Size and Forecast

  1. High Strength Steel Market, By End-Use

            8.1 Introduction

            8.2 Automotive

                        8.2.1 Market Overview

                        8.2.2 Market Size and Forecast

            8.3 Construction

                        8.3.1 Market Overview

                        8.3.2 Market Size and Forecast

            8.4 Yellow Goods & Mining Equipment

                        8.4.1 Market Overview

                        8.4.2 Market Size and Forecast

            8.5 Aviation & Marine

                        8.5.1 Market Overview

                        8.5.2 Market Size and Forecast

            8.6 Others

                        8.6.1 Market Overview

                        8.6.2 Market Size and Forecast

  1. High Strength Steel Market, By Geography

            9.1 Introduction

            9.2 North America

                        9.2.1 North America Market, By Type

                        9.2.2 North America Market, By Product

                        9.2.3 North America Market, By Application

                        9.2.4 North America Market, By End Use

            9.3 Europe

                        9.3.1 Europe Market, By Type

                        9.3.2 Europe Market, By Product

                        9.3.3 Europe Market, By Application

                        9.3.4 Europe Market, By End Use

            9.4 Asia-Pacific

                        9.4.1 Asia-Pacific Market, By Type

                        9.4.2 Asia-Pacific Market, By Product

                        9.4.3 Asia-Pacific Market, By Application

                        9.4.4 Asia-Pacific Market, By End Use

            9.5 Rest of the World

                        9.5.1 Rest of the World Market, By Type

                        9.5.2 Rest of the World Market, By Product

                        9.5.3 Rest of the World Market, By Application

                        9.5.4 Rest of the World Market, By End Use

  1. Competitive Insights

            10.1 Key Insights

            10.2 Company Market Share Analysis

            10.3 Strategic Outlook

                        10.3.1 Mergers & Acquisitions

                        10.3.2 New Product Development

                        10.3.3 Portfolio/Production Capacity Expansions

                        10.3.4 Joint Ventures, Collaborations, Partnerships & Agreements

                        10.3.5 Others

  1. Company Profiles

(Overview, Key Financials, Product and Service Offerings, Related Developments)

  • Hebei Puyong Iron and Steel Group Co., Ltd.
  • Jiangsu Shagang International Trade Co., Ltd.
  • JFE Steel Corporation
  • Nucor Corporation
  • China Steel Corporation
  • Thyssenkrupp Ag
  • Metinvest Holding, LLC
  • PAO Severstal
  • JSW Steel
  • Novolipetsk Steel (NIMK)
  • Gerdau S.A.
  • Citic
  • Hyundai Steel Company
  • Wuhan Iron and Steel Corporation
  • Shandong Iron and Steel Group
  • ArcelorMittal
  • Nippon Steel Corporation
  • Steel Authority of India Limited (SAIL)
  • Tata Steels Ltd
  • United States Steel Corporation
  • Voestalpine AG

The global High Strength Steel market has been segmented as below:

By Type

  • High Strength Low Alloy
  • Dual-Phase
  • Bake Hardenable
  • Carbon Manganese
  • Others

By Product

  • Cold rolled
  • Hot rolled  
  • Metallic coated
  • Direct rolled

By Application

  • Body and Closures
  • Suspensions
  • Bumper and Intrusion Beams
  • Others

By End-Use

  • Automotive
  • Construction
  • Yellow Goods & Mining Equipment
  • Aviation & Marine
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

By Company

  • Hebei Puyong Iron and Steel Group Co., Ltd.
  • Jiangsu Shagang International Trade Co., Ltd.
  • JFE Steel Corporation
  • Nucor Corporation
  • China Steel Corporation
  • Thyssenkrupp Ag
  • Metinvest Holding, LLC
  • PAO Severstal
  • JSW Steel
  • Novolipetsk Steel (NIMK)
  • Gerdau S.A.
  • Citic
  • Hyundai Steel Company
  • Wuhan Iron and Steel Corporation
  • Shandong Iron and Steel Group
  • ArcelorMittal
  • Nippon Steel Corporation
  • Steel Authority of India Limited (SAIL)
  • Tata Steels Ltd
  • United States Steel Corporation
  • Voestalpine AG

FAQ's

The global high strength steel market size is expected to surpass USD 50.7 billion by 2026.

Hebei Puyong Iron and Steel Group Co. Ltd., Jiangsu Shagang International Trade Co. Ltd., JFE Steel Corporation, Nucor Corporation, China Steel Corporation, Thyssenkrupp Ag, Metinvest Holding LLC, PAO Severstal, JSW Steel, Novolipetsk Steel (NIMK), Gerdau S.A., Citic, Hyundai Steel Company, Wuhan Iron and Steel Corporation, Shandong Iron and Steel Group, ArcelorMittal, Nippon Steel Corporation, Steel Authority of India Limited (SAIL), Tata Steels Ltd, United States Steel Corporation, Voestalpine AG are among the key players in the global high strength steel market. We provide a minimum of 21 company profiles in the report.

The high strength low alloy holds a leading market share in the high strength steel market share in 2019.

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